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Search Results 0 to 13 of about 14 (some duplicates have been removed)
some of the biggest names in the energy business are saying about the major issues facing the industry. >>> encouraging words about the u.s. economy today from ben bernanke. in his first public speech since stepping down as chairman of the federal reserve at the end of january, bernanke spoke at a financial conference in the united arab emirates, saying the outlook for the u.s. is positive compared to the rest of the industrialized world. he believes the u.s. economy will continue growing at a rate of around 3% this year. >>> president obama may be counting on that kind of growth or even more for the year ahead as he unveiled a proposed $3.9 trillion federal budget for the year 2015. fiscal year, that is. it focuses on ending tax breaks for the wealthy in order to pay for massive improvement projects for the nation's crumbling infrastructure. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the we wealthiest americans or create jobs and grow our economy and expand opportunity for every american. >>
a good economy, things like energy, things like financials are a hedge against that frankly is health care. we think it is the cheapest offensive sector out there and particularly we like pharmaceuticals and specifically we like pfizer. >> and you also you mentioned just financials and bank of america is another one of your recommendations. tell us what's the appeal with bac. >> like a lot of things we're looking at this year, we're looking at valuations. we think it's going to be a good year for banks in general. and we think it will be a better year in terms of stock price for those banks that are cheaper than average going into the year. we think bank of america is cheaper. we think it's going to be a good year for banks in general. >> energy has been a little bit or orphaned hasn't it, eric? >> absolutely. last year was horrible for energy. a lot of negativity was priced into commodities in general but specifically energy stocks. we think it got overdone. and again, our overweight in energy really is a manifestation of the fact that we think we're going have a good economy that's
or powers or some kind of energy that has been impacting me throughout my entire life.
utility industry by building battery packs for energy storage. the stock rose about 14% today to $248. look at this chart over the past 14 months the stock is up 650%. >>> and even more good news for tesla. "consumer reports" says tesla's model s sedan was the best overall car, bar none. it scored a 99 out of 100 by the magazine's reviewers. the best auto brands, lexus was number one again follow by accura then out audi. toyota and subaru were tide for fourth place. jeep at the bottom of the list. >>> how investment capital is hoping to shake up the insurance industry. that's next. >>> more big job cuts coming to the nation's biggest bank, jp morgan chase now plans to eliminate 8,000 workers as businesses at its mortgage and retail banking divisions continues to shrink. that number is double the number of cuts that had been announced, and it comes on top of more than 16,000 layoffs that took place just last year. >>> finally tonight, venture capital getting into health insurance. in the second part of our series, insurance upstarts. bertha coombs takes a look at the story. >> reporter
, prompting comparisons from critics to the administration's 2010 energy loan program which saw the high profile default or solar panel maker solyndra. >> this is what happens when the government takes winners and losers with taxpayer money. >> reporter: at a house oversight committee hearing this month, democrats cried foul. >> as much as the majority would like to manufacture a scandal there simply isn't one. there is no smoking gun. this is no solyndra. >> reporter: then they walked out in protest, while republicans grilled the freelancers unions executive director about her group's dealings with the obama administration and about $340 million in loans used to launch health republic co-ops in oregon, new york and new jersey. >> we did everything we said we would do to help those co-ops launch successfully and to move them quickly to self-sufficiency. and it worked. the co-ops were sponsored -- i'm sorry. the co-ops we sponsored launched on time as independent entities. >> reporter: james martin chalks it up to politics. >> i know the number of attempts to derail the affordable care ac
Search Results 0 to 13 of about 14 (some duplicates have been removed)